News & Blog

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News & Blog

Our expert faculty are frequent contributors to consumer-based media as well as to more scholarly academic publications. Keep current with recent developments in the retirement income planning field and check out the latest articles from the thought leaders who are part of the The American College New York Life Center for Retirement Income.

Women have all the skills and capabilities to become equal or even be greater than men in many aspects of life, including money matters or financial knowledge. According to a study this year, 80 percent of older women between 60 and 75 years old fail at a simple financial literacy test which includes basic knowledge on managing retirement.

Over the last three months, Americans nationwide have opened their news source to find at least one article published daily on the proposed tax overhaul. And while the projected tax reform has spurred an abundance of articles detailing different elements of the tax reform plan, a common theme consistently remains as the basis of these writings.

Pointing to a paper he published in the Journal of Financial Planning, professor Jamie Hopkins took to Investopedia to lay out key ways that seniors could use their home equity in retirement — including the Home Equity Conversion Mortgage option.

Housing wealth represents U.S. retirees’ largest asset. For the average 65-year-old couple, home equity represents about two-thirds of their total wealth. The only other potentially more important retirement asset is Social Security, since it functions as the main source of retirement income for most retirees.

Asked what emotions are related to holiday shopping, 43% of survey recipients said excitement. But about a third of all respondents also said they associated stress with holiday shopping and nearly two-thirds of Americans agreed that holiday shopping puts a strain on their finances.

Interest in digital and cryptocurrencies is surging as the massive price jumps in Bitcoin fuel visions of huge profits. The cryptocurrency market capitalization surpassed $500 billion this week, with Bitcoin hitting $17,000, up more than 50%, from $11,000 at the beginning of last week.

For many people, it’s increasingly difficult to buy gifts for their parents as they get older. But when your parents retire, there’s a whole bunch of things they’ll potentially need. Retirees may find themselves moving or redecorating their homes, spending more time on a hobby or trying a new type of work.

In 2018, will Bitcoin turn out to be another pets.com-style overhype, an Amazon.com surprise or just what it is: the beginning of a new type of digital currency going through its ups and downs? As investment, many academics urge caution, as some projections say that Bitcoin could reach a price of $20,000 or more in 2018.

When talking about real estate, you have likely heard the widely used phrase “location, location, location.” What realtors mean by this is that identical homes may have very different prices depending upon location. What this often means to home buyers is that they may have to pay more to live close to work or to be in the best school district.

Having money invested in an IRA that you don’t need to spend anytime soon, or maybe that you’ll never want to spend, is a great situation to be in during retirement. Financial advisers have suggestions for well-heeled retirees who find themselves in this fortunate circumstance.